After the oil sector, the telecommunications industry is the largest sector in Azerbaijan and a major contributor to the country's economy, reports Research & Markets.

Fixed-line broadband market penetration has grown slightly over the last five years. Over the next five years to 2023 growth is expected to continue to grow slightly. In 2018 AzQtel (SAZZ) launched commercial services on its new TD-LTE broadband network.

Mobile subscriber growth has been down slightly in the Azerbaijan mobile market over the past five years. AzQtel (SAZZ) announced it will build the country's first Pre-5G' network operating on the TD-LTE standard. Mobile subscriber growth is expected to grow slowly over the next five years to 2023.

Mobile broadband subscribers have grown very rapidly over the past five years supported by widespread rollouts of 4G infrastructure and the release of a growing range of mobile broadband packages by the major mobile operators.

Moderate growth is predicted over the next five years to 2023. The mobile broadband market will be driven by increasingly faster speeds offered by the mobile operators as they roll out their 4G and 5G networks and falling prices due to growing competition.